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Explaining and Understand the Concept of Citizenship by Investment

The concept of acquiring citizenship of a foreign nation or being considered as a permanent resident of any concerned country can be a long and complicated procedure to determine. It takes years to be recognized as a citizen of a foreign nation in most of the cases. However, the procedure of citizenship by investment is a new fundamental which is not only helping individuals to acquire citizenship within an adequate amount of time but is also assisting the host nation to build up overall national capital. Here is how it works.

The policy of Citizenship by Investment is one such scheme which allows an individual to become an automatic citizen of a particular nation, simply by making a necessary sum investment into the ventures of the country concerned. India as a nation also welcomes this concept as various events in Bangalore are being organized to promote this policy. Permanent residency can be acquired immediately when a foreign third party initiates the clause of an initial investment amount.

The scheme was primarily coined in the Caribbean nation of St. Kitts and Nevis in the financial year of 1984. A person can become a citizen of St. Kitts and Nevis by making a sum investment of 150,000 USD. With this standard investment amount, a family of four can buy the citizenship of the specific nation. The United States of America was soon to follow as the EB5 USA citizenship program was launched in 1990 under the Immigration Act of 1990. As per the EB5 Visa Program, a person is eligible to apply for a green card when an investment amount within $500,000 - $1,000,000 is made on any legitimate and registered business under the jurisdiction of the United State Government. Also, an employment facility which will help employ at least ten Native Americans must also be created so that the appeal stands valid.

Due to such dual benefits which individual people, as well as the parent nation, enjoys, an annual Global Investment Immigration Summit is organized. This attracts a lot of foreign investors that have the ambition and desire to acquire the citizenship of a specific nation. More jobs are created, infrastructure is improved, and capital is gained over this period of time. However, the application of this policy has given international criminals an opportunity to acquire citizenship of another nation. There have been instances recorded when a person is applying for citizenship by investment after committing any type of crime in their home nation. The occurrences are rare but has happened on some occasions.

The annual Global Investment Immigration Summit is scheduled to be held on the 20th of October 2018 in Bangalore, India. It is here that various direct investors, students and their family members will gather together to acquire the citizenship of India. The event is also critical for India as a nation as it provides an essential platform through which capital can raise which in turn can be used for the growth and development of the country as a whole.